News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Robert Denk / NAHB / September 19, 2013
Are home builders more confident than they should be? There has been some discussion suggesting that the relationship between the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) and single family housing starts is broken, or at least strained lately. Let’s take a look.
The HMI and starts track together well, no question. But they don’t move in lockstep, that’s clear throughout their history. So how much and when should they differ?
The gap between the HMI and starts appears widest at turning points and throughout the most recent boom/bust/recovery cycle.Read More
John Caulfield / BUILDER / September 17, 2013
GE envisions (mostly) current technology applied to changing social and living needs.
Today’s visions of the home of the future often center on coupling smartphone and personal sensor technology with security.
“It’s about the home knowing where you are,” says Yves Behar, founder and principal designer for Fuseproject, an industrial design and brand development firm in San Francisco. In an interview with Dezeen magazine, Behar envisioned wristband sensors that can activate lights, the HVAC system, and appliances as an owner gets closer to his or her house.
Just how intimatelyRead More
Kris Hudson / The Wall Street Journal / September 18, 2013
Home builders got a double boost on Wednesday from a report of resilient construction of single-family homes in August and the Federal Reserve’s decision to continue efforts to boost the economy and keep interest rates low.
Still, many housing-market observers see signs of a continued slowdown in price increases for new homes and possibly for new-home sales as well.
The Fed’s decision Wednesday afternoon to maintain its quantitative easing program for keeping interest rates low helped push the Dow Jones U.S. Home Construction Total Return Index to a 5.9% gain by the end of Wednesday.Read More
David Crowe / NAHB / September 19, 2013
The September NAHB/Wells Fargo Housing Market Index held steady at 58, the same level as the one-point downwardly revised August reading. The underlying components of the HMI were mixed. Future expectations declined to 65 from 68 in August and traffic rose one point to 47 from an upwardly revised 46.
Housing starts have not improved as fast as the index in the past year, but that same disconnect occurred in 1991 when home builders’ sentiment doubled in four months while single-family starts rose by one-third. Currently, the HMI is about 50% greater than it was last year, while single-familyRead More
John McManus / BIG BUILDER / September 18, 2013
Census Bureau data on housing starts and new residential building permits hit the wires this morning, and you don’t get too far into any expert’s explanation of the fresh crop of data before the term “mixed signals” surfaces. Offsetting positives vs. negatives; stressors vs. catalysts; headwinds vs. tailwinds; fundamentals vs. technicals; buzz vs. the trenches are a fact of home building and development’s life.
* Here Calculated Risk’s Bill McBride charts up the latest release in his inimitable way:
His kicker line is this:
“This was below